Precision Drilling Co. (TSE:PD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$152.25.

PD has been the subject of a number of analyst reports. National Bank Financial boosted their price target on Precision Drilling from C$140.00 to C$150.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. ATB Cormark Capital Markets boosted their price target on Precision Drilling from C$165.00 to C$175.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. BMO Capital Markets boosted their price target on Precision Drilling from C$160.00 to C$165.00 in a research report on Thursday, April 30th. TD boosted their price objective on Precision Drilling from C$127.00 to C$130.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Finally, Raymond James Financial boosted their price objective on Precision Drilling from C$162.00 to C$165.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st.

Precision Drilling Stock Down 1.8%

Shares of Precision Drilling stock opened at C$110.18 on Friday. The firm has a market cap of C$1.43 billion, a price-to-earnings ratio of -105.94, a P/E/G ratio of -3.24 and a beta of 0.42. The company has a debt-to-equity ratio of 45.24, a current ratio of 1.70 and a quick ratio of 1.36. Precision Drilling has a 52-week low of C$63.94 and a 52-week high of C$143.81. The stock has a 50-day simple moving average of C$126.32 and a 200-day simple moving average of C$118.45.

Precision Drilling (TSE:PD) (NYSE:PDS) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$1.34 earnings per share (EPS) for the quarter. The business had revenue of C$526.05 million during the quarter. Precision Drilling had a negative return on equity of 0.94% and a negative net margin of 0.82%.

Precision Drilling Company Profile

Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha¿ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen¿ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations.